GLENIF — Grupo Latinoamericano de Emisores de Normas de Información Financiera

GLENIF participated in the World Standard-setters 2021 organized by the IASB

On September 27 and 28, 2021, GLENIF actively participated in the World Standard-setters Virtual Conference 2021 event organized by the IASB. The conference allowed issuers and regulators to update and discuss the activities of the IFRS Foundation. In the interactive sessions, the attendees asked the presenters questions, held discussion panels and virtual networking with other delegates and speakers. The WSS Conference is open to all national regulatory standard setters. The IASB invited three representatives from each issuer and regional bodies. In the panel “How the pandemic is affecting the ways in which national standard setters relate to the IFRS Foundation and its stakeholders,” our director José Luiz R. Carvalho explained and interacted with the other participants, presenting the vision GLENIF, and the increasing activity experienced since the beginning of 2020 and the intense use of technology. He also presented the future perspective to work with the IFRS Foundation and our stakeholders, who consider that the use of technology, combined with face-to-face meetings, should continue. In the panel “Agenda Consultation: William Biese, member of the CINIF, Issuing Council of Mexico, spoke, commenting on our letters of comments sent. José Luiz Carvalho and Hernán Casinelli from Argentina participated in the panel on the Subsidiaries without Public Responsibility: Disclosures project, highlighting the peculiarities in the presentation and disclosure of Latin American entities. GLENIF Vice President Felipe Pérez Cervantes, William Biese from Mexico and José Luiz Carvalho from Brazil participated in the group discussion panel on the issues of the Americas. In this session we presented GLENIF’s key comments on the IASB’s agenda consultation project and the work GLENIF has done in its 10 years of existence: responding to more than 100 IASB documents and inputs for the revision that were implemented by the IASB, such as the revaluation of assets in the IFRS for SMEs and the adoption of the equity method as an alternative in separate financial statements. We reinforce our proposal to continue with the study of high inflation (IAS 29 reform proposal) and the effects of inflation on interest rates and discount rates. Felipe Pérez Cervantes also participated in the European Regional Group workshop, where Andreas Barckow, the new president of the IASB, participated. One of the topics discussed was the project ofManagement Commentary. President Andreas Barckow confirmed that he will virtually participate in our 10th Anniversary technical event. This was another relevant event for the profession where GLENIF actively participated among the various global participants and the IASB.

Jornadas Técnicas – 10° Aniversario del GLENIF

El miércoles 6 y jueves 7 de octubre, se realizará un evento técnico para destacar el 10° Aniversario del GLENIF. Modalidad virtual – Evento sin costo Formulario de Inscripción aquí Agenda10Baixar

New news – English

The Board of Directors of the Latin American Group of Issuers of Normas de Información Financiera (Glenif), led by its president Eduardo Pocetti, met in Lima/Perú, from 11 to 13 July 2019; to participate in the International Seminar on International Accounting Standards (IFRS), promoted by the Junta de Deans de Colegios de Contadores Públicos del Perú. The Seminar, whose purpose was to present the work developed by Glenif and disseminate the main rules in force, took place at the Convention Center in the city of Lima/Perú. All members of the Glenif Directory acted as speakers, covering topics such as the Conceptual Framework, IFRS 9 (Financial Instruments), IFRS 15 (Revenue Recognition) and IFRS 16 (Lease). The event was very successful with massive participation of accounting professionals and students.

Creation TWG 77 – GIPYMES P&R Project – Question and answer proposed by the SMEIG on the IFRS SMEs

GIPYMES P&R Project – Question and answer proposed by the SMEIG on the IFRS SMEs Coordination: Hernan Casinelli – Argentina Comments until: 7 october 2019

GLASS Board participate in the IFRS international seminar in Peru

Eduardo Pocetti giving a conference at the University of San Marcos The Latin America Standard Setter Group (Glass) board led by its chairman Eduardo Pocetti had meet on Lima/Peru from July 11 up to 13, 2019 to attend the International Seminar on International Accounting Standards (IFRS), promoted by the Junta de Decanos de Colegios de Contadores Públicos del Perú. The event had the purpose to present the work developed by Glass and to disclose the main current standards, took place in the Lima Convention Center. The themes addressed in the lectures by members were: Conceptual Framework, IFRS 9 (Financial Instruments), IFRS 15 (Revenue from Contracts with Customers) and IFRS 16 (Leases). The event was very successful with the participation of professional accountants and students. In addition on July 11, 2019; Glass members visited and held met representatives of the following regulatory institutions: Consejo Normativo de Contabilidad; Superintendencia del Mercado de Valores (SMV); Superintendencia de Banca, Seguros y AFPs (SBS) and Junta de Decanos de Colegios de Contadores Públicos del Perú. On the 13th, chairman Eduardo Pocetti and director Dunia Zamora delivered a lecture at the Pontificia Universidad Católica and the Universidad Nacional Mayor de San Marcos, with the themes Glass Role in IFRS and IFRS approval for SME, respectively. Glass vice-president Jorge Gil and the directors Felipe Pérez Cervantes, Luis Henry Moya Moreno, Winston Fernández, Alejandro Vera and Ibracon Technical Coordinator Adriana Caetano joined a panel in the cities of Tacna, Piura, Tarapoto, Arequipa and Ucayali. We would like to highlight to the whole organization of the event, especially the host and board member, the representative of Peru in the Glenif Directory, Angel Salazar Frisancho, responsible for the organization of activities in Lima/Peru and other cities.

Creation TWG 74 – Amendments to IFRS 17

Creation TWG 74 – Amendments to IFRS 17 Coordination – Alexandre Paraskevopoulos (Brasil) Comments until 25 september